The price of the world’s largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000. BBC – It surpassed the previous record set in November 2021 – though by 2022 Bitcoin’s value had sunk to $16,500. The new surge in price has been spurred by US finance giants pouring billions into buying…
The country can achieve significantly higher economic growth supported by international trade. Sri Lanka to deepen trade ties with South Asian countries (Bangladesh, Pakistan, China, India) and increase access in East Asia (Thailand, Malaysia, Singapore). Expand into fast-growing regional markets like ASEAN and RCEP members. Attract Foreign Direct Investment (FDI) into Sri Lanka and generate…
Spread across 175,000 square feet, the company has invested USD 5Million in establishing the state of the art Grade ‘A’ warehousing facility EFL 3PL, a subsidiary of EFL Global announced the launch of its flagship Grade A warehousing facility in the vibrant Bhiwandi region of Mumbai. This strategic expansion, with an investment of USD 5Mn,…
Reuters – Chinese Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% on Tuesday, promising steps to transform the country’s development model and defuse risks fuelled by bankrupt property developers and indebted cities. Delivering his maiden work report at the annual meeting of the National People’s Congress, China’s rubber-stamp parliament, Li…
Export Performance in January 2024 The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023. Compared to January 2023, agricultural exports shown a modest increase of 3.58%, reaching US$ 225.43 million in January 2024. However, industrial exports experienced a decline of 2.08% during the…
The stunning new Sheraton Colombo Hotel, part of Marriott Bonvoy’s portfolio of over 30 extraordinary brands opened its doors recently. Strategically situated in the central hub of Colombo’s business and shopping district, the new 320-room hotel boasts the brand’s signature warm hospitality amidst a beautifully designed property. With over two decades as an experienced hospitality…
Sectoral Oversight Committee on Environment, Natural Resources & Sustainable Development which met under the Chairmanship of Member of Parliament Ajith Mannapperuma recently (Feb. 20) took into discussion the concept of “Blue Flag Beach” which aims to prepare the nations coasts to attract tourists. Officials representing the Ministry of Urban Development and Housing, Ministry of Tourism…
Dr. Hans Wijayasuriya, Chief Executive Officer of Telecommunications Business and Group Executive Director of Axiata Group Berhad, was honoured with the GSMA Chairman’s Award at the recently concluded Mobile World Congress held in Barcelona, Spain. The Chairman’s Award is the GSMA’s most prestigious award and recognises outstanding contribution by individuals and organisations towards the advancement…
In the early 1990s a wedding ceremony took place at Wijerama Mw, Colombo 07 & the road (in front of the bride’s house) was closed during the event. Media reported the groom being appointed a director at the national carrier. The other news was about his cousin, appointed to a senior position there (after the…
Sri Lanka is poised for an exciting tourism surge in 2024, with ambitious plans aiming for 2.3 million tourist arrivals. Driving this surge is the plans of extension of visa exemption status for Indian travellers beyond March, a strategic move acknowledging India’s pivotal role as the primary tourism market for Sri Lanka. Sri Lankan Minister…
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